Li Wang backs Florenz bid for Comvita, slams Alan Bougen's group

Li Wang backs Florenz bid for Comvita, slams Alan Bougen's group
Shareholder Li Wang says she supports Florenz's Comvita bid. (Image: Comvita)
Riley Kennedy
One of Comvita’s largest shareholders has come out swinging at a group attempting to block Florenz’s bid, saying she does not believe the company’s current management team can turn its performance around.And any delay in a resolution around its ownership structure will “irreplaceably damage the brand” built up over decades and put several hundred jobs at risk.Comvita’s board has backed an 80c per share offer, via a scheme of arrangement, for the struggling listed mānuka honey business by Florenz, a subsidiary...

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